Wealth ________
A) may serve the monetary function of store of value
B) means essentially the same as money
C) differs from money in that wealth is more liquid
D) is the flow that corresponds to the stock of income
E) none of the above
A
You might also like to view...
The marginal propensity to consume (MPC) can best be defined as that fraction of
A) real disposable income that is not consumed. B) a change in real disposable income that is spent. C) a change in real disposable income that is saved. D) real disposable income that is consumed.
A key assumption of new growth theory is that
A) all technological change is the result of luck. B) higher incomes lead to a higher birth rate. C) a successful innovator has the opportunity to earn a temporary, above-average profit. D) the population growth rate is lower than the real interest rate.
Scalping at major sporting events is an example of
A. a black market caused by a price floor. B. the operation of rationing by the market. C. a black market caused by a price ceiling. D. a surplus caused by the existence of price ceilings.
A change in the price of a service leads to a change in quantity demanded of the service.
Answer the following statement true (T) or false (F)